Housing starts in Canada fell 4.4 percent over a month earlier to 251,151 units in September of 2021, the fourth straight month of decrease and below market expectations of 255,000 units, according to the Canada Mortgage and Housing Corporation (CHMC). It was the lowest reading since December of 2020. Urban starts fell by 4.5 percent, driven by a 4 percent decrease in multiple urban starts to 165,861 units, while single-detached urban starts decreased 5.9 percent decrease to 57,194 units. Rural starts were estimated at a seasonally adjusted annual rate of 28,096 units. source: Canada Mortgage And Housing Corporation
Housing Starts in Canada averaged 188.52 Thousand units from 1977 until 2021, reaching an all time high of 333.28 Thousand units in March of 2021 and a record low of 90.70 Thousand units in August of 1982. This page provides the latest reported value for - Canada Housing Starts - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada Housing Starts - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Housing Starts in Canada is expected to be 220.00 Thousand units by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Housing Starts is projected to trend around 220.00 Thousand units in 2022 and 200.00 Thousand units in 2023, according to our econometric models.